You are contemplating starting a services business in the next few months. You are inclined to start a services business because you know that the U.S. economy is rapidly becoming a services-based economy. You have the expertise to focus on either business services or consumer services. Which of the following statements is true about business and consumer services?
A) Demand for consumer services has grown more rapidly than for business services.
B) Demand for consumer services and business services are growing by approximately the same rate.
C) Demand for consumer services is expected to surpass the demand for business services over the next 10 years.
D) Demand for both consumer services and business services are expected to decline over the next 10 years.
E) Demand for business services has grown more rapidly than for consumer services.
Correct Answer:
Verified
Q161: You run a services business and you
Q163: The U.S. economy is now referred to
Q164: Selecting a convenient location is important to
Q166: The concept of opportunity cost is important
Q167: Personal selling is one noticeable marketing activity
Q169: As the owner of a services business,
Q171: Consumers are _likely to tell other people
Q177: Sales promotion activities of a nonprofit organization
Q179: Nonprofit organizations deal with ideas and services
Q195: Services _ factors for the customer to
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents